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sustaining certain ruble exchange rate and do not contradict the floating exchange rate regime. Many central banks following the floating exchange rate regime conduct such

the exchange rate, despite the introduced foreign currency restrictions, we continue to pursue the floating exchange rate regime within these restrictions. Both the exchange rate

early June have been low. This comes as a result of ruble exchange rate movements and the tailing-off of the surge in consumer demand in

September 2022. The amounts to be transferred are calculated at the official exchange rate of foreign currencies against the ruble fixed by the Bank of

years. The imposition of the sanctions and the dramatic change in the exchange rate certainly affected people’s behaviour. During the first days, the demand

which followed by the reduction of FX liquidity and growth of ruble exchange rate volatility. Implemented currency restrictions and currency control measures allowed to stabilise

This enabled a gradual reduction in foreign exchange restrictions, the abolishment of some regulatory easing, and the key rate decrease. The future prospects of Russia

IN APRIL Chart В-1-2 (02.01.2019 = 100) 2x57х82 EXCHANGE RATES IN ADVANCED ECONOMIES* EXCHANGE RATES IN EMERGING MARKET ECONOMIES* 115 120 110 110 100

of previous years. Ruble exchange rate in new conditions In November 2014, the Bank of Russia switched to the floating exchange rate regime. This means

significant slowdown in the current price growth rates. Inflationary pressure eases on the back of the ruble exchange rate dynamics as well as the noticeable